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. that is nicholas maduro. venezuela's oil minister announced at the last opec meeting the country has the largest oil reserves in the world. would the death of chavez have a major impact on the global oil market? with me, john kingston, platt's global director. welcome back to the show. this is huge. we've been following this for a long time but i mean it's very serious. emergency surgery. it is his third surgery. he never talked about what kind of cancer he has but at this point it has got to be very serious? >> i think we can assume the chavez area is almost over. as colleague of mine said i heard you refer earlier why that is setting up uncertainty in the market. you're always a little better with the crazy that you do know than the one you don't. melissa: i guess. >> what the future holds could be civil strife, not a civil war but i have felt for a long time that the biggest risk in oil markets would be a precipitous collapse of the venezuelan industry. you hate to think that the death of mr. chavez would set that off but ped vest is a, the state oil company has been essentially gutted by cha
.13 trillion of our debt. now, this is interesting. out of this debt number three on the list is opec. opec is an entity. that's the countries of ecuador and venezuela and india and bahrain and iran and iraq and kuwait and amman and qatar and saudi arabia and the u.a.e., algeria, ga been a, -- gabon, nigeria. they're now number three on the list and they own $267 billion of our debt. brazil comes in at number four, $250.5 billion. and then number five on the list, new to the list, the top five list, the caribbean banking centers. now own $240.4 billion of u.s. debt. by the way, caribbean banking centers are the bahamas, bermuda, cayman islands, netherlands and panama. this is who owns us. this is who owns our debt. and this is why on this side of the aisle, what we continue to say is the spending has to be dealt with. we have seen -- we've heard from everybody. we are hearing from economists all around the globe. and they repeatedly say what we are saying, what we've been saying for years as week of come to this floor. is that we have a spending problem. the spending has to be dealt with. w
on the throne. her diamond jubilee marked the beginning of britain taking center stage. and at the london opec the queen had a starring role. >> good evening. >> good evening, your majesty. >> reporter: the queen shows little sign of slowing down,y about her oldest grandson now has to choose between his job as a helicopter pilot and becoming a full-time royal. >> the queen at 86, of course, is key for prince william to get more involved in the workings of the royal family. >> reporter: we know prince william will definitely have a new role in 2013. he'll become a dad. whatever the coming year brings for the royals, there will be at least one reason to celebrate. for "today," nbc news, london. >> it has been an amazing year for them. although the james bond image, the first that comes in my mind now. >> oh, from the -- >> whenever i see -- >> the queen. i loved it. it was cute. getting a little bit more life out of him there. fun. >>> up next, from "call me maybe" to "gangnam style" the lo year in social media. first these messages. ♪ ♪ spread a little love my way ♪ spread a little someth
is happening with today but of course what oil traders are looking for in the week ahead. we have opec meeting on wednesday, which could certainly add to the price volatility and price reaction there as well as whatever happens with the fed. back to you. >> thank you very much, sharon epperson. the big jobs report shows 146,000 jobs were created last month so we asked did you nail the number? all this week we asked you to tweet us your predictions for the november nonfarm payrolls figure. right now the "squawk on the street" team is going through the entries. the locucky winner will receiven oof autographed picture frame. good luck. >> i did not guess well. i thought sandy would have more of an effect. >> where would numbers be without sandy? would we have done 200? >> more economic data on wall street's radar this morning and minutes away from break news on consumer sentiment at 9:55. don't go away. ♪ >> announcer: coming up, cramer is kicking it into high gear. his six stocks in 60 seconds will energize all of us. get your jim jolt when "squawk on the street" returns. try running four.ning
supply among a number of non-opec countries. you see the u.s. obliterating the rest of the world. employment des moinin oil and gd to the highest level in 1992. we still provide a tiny sliver just under 200,000. the net oil imports are craters and a now a number of analysts predict in the near future the u.s. is producing more oil than any other country in the world. by round 2020 a recent international agency reports that the u.s. is predicted to become the largest oil producer and starts to see the impact of new fuel efficiency measures and transport. it results in a continued fall in u.s. imports to the extend that north america is a net oil exporter around 2030. yes, that's right. the united states, which is according to the spokes people from the coal industry already the saudi arabia of coal, which is now essentially tied with russia as the single largest producer of natural gas in the world could find itself the world's biggest oil producer on a consistent basis for the first time since the first half of the 20th century. in energy circles you hear the phrase saudi america
. it required outstanding diplomacy and -- to balance the risks and demands of peace in the sort of opec security environment of the cold war period, which perhaps, perhaps most people to remember but perhaps some do not. so, before turning the program over to marvin though, i would just like to mention, we have a new book that's very pertinent to the subject, the reagan-gorbachev arms control breakthrough, edited by david t. jones, and dedicated to ambassador, the late ambassador maynard whitman, who was the principal inf treaty negotiator and leader of or inf delegation. and copies of this book are available at the baca the room for those of you who would like to purchase one afterwards. so without further a due it's my pleasure, to wish all happy holidays and to turn the program over to marvin. marvin? >> thank you very much, this. it's always a pleasure for me to be asked to come here to moderate a panel. my life has been absolved with the foreign service for an awful long time. though i only work in the foreign service for a year and a half. 1956-seven and moscow. but since that tim
Search Results 0 to 7 of about 8 (some duplicates have been removed)